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Banking Union: Moving at a snail’s pace

Moving at a snail’s pace – Horsch
Der Standard (Vienna)

On the snail (setting off toward Brussels): European banking supervision

On the dogs: Banks

The European Commission presented the second component of its plans for greater banking union on July 10, more than a year after national leaders opened talks, but member states remain divided on how it should be implemented. Germany in particular believes the project would give too much power to the Commission and is holding up the agreement from being sealed.